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Thursday, 14 July 2016

DAILY TRADING TIP FOR STOCK CASH

“SELL INFY at 1178 TGT 1165/1150 SL 1795”

TCS HIT TGT 2525 MADE HIGH OF 2527.65!!!

The Sensexrose 127 points to end at 27,942 and Nifty gained 46 points
to settle at 8,565.SRF ended up 2% on reports that the
government has imposed anti-dumping duty on imports from China.Max India (formerly Taurus Ventures
Limited) which listed today ended locked in lower circuit of 5% at Rs 185 .National
Aluminium Company Limited (NALCO) climbed 3% to
Rs.49.65. The company has been granted Pottangi Bauxite Mines, in Koraput
district of Odisha.

TODAY’S RESULT

TCS posted results for the first quarter ended 30th June,
2016.The net profit for the quarter stood at Rs. 6318 crore. The
revenue for the quarter is at Rs.29,305 crore.EBIT margins was at 25.1%.Tata
Consultancy Services Ltd ended at Rs. 2520.3, up by Rs. 28.9 or 1.16% from its
previous closing of Rs. 2491.4 on the BSE. The scrip opened at Rs.
2488.5 and touched a high and low of Rs. 2526.85.
TCS, Cyient, Canfin Homes, Vimta Labs among others are scheduled to announce
their quarterly results today.

GLOBAL MARKET:

On the global front, Asian markets closed on a mixed note.
Hong Kong’s Hang Seng index gained 1.1%. Japan's Nikkei closed nearly 1% higher
at 16,385.89 as the yen weakened against the dollar. The Shanghai Composite
index ended marginally lower.European markets were trading higher ahead
of a decision by the Bank of England's Monetary Policy Committee on whether to
stimulate the economy. The FTSE 100 was trading up 0.87%. DAX and the CAC 40
were trading higher by 1% each.